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The New Fiduciary Regs: A Practical Review, Part 2 (PDF)
Ferenczy Benefits Law Center LLP
[Guidance Overview] June 24, 2016
"It is clear from the Preamble to the exemption, as well as the exemption terms themselves, that the DOL is trying to structure an environment where the participant remains protected and the advisor acts in the participant's best interests. The DOL approaches this in two ways: on the one hand, forcing the fiduciary to behave within constraints, and on the other, giving a disappointed participant access to litigation as an enforcement mechanism." [Also see Supplement: Best Interest Contract Exemption.]
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